Vestin. Fund I is an SEC registered direct participation program that provides financing secured by deeds of trust or mortgages on real property. Vestin Fund I contains loans in the approximate amount of $100,000,000.
Vestin. Mortgage is the Manager for Vestin Fund I and Vestin Fund II.
Vestin desires to retain Strategix to provide substantially all of its accounting needs including but not limited to the preparation of monthly internal financial reports as well as quarterly and annual financial statements, preparation of all quarterly and annual reports to be filed with the SEC as well as filings required on Forms 8-K and such other filings as may be required in compliance with REIT laws, co-ordination with Vestin’s independent public accountants with respect to the annual audit and all other services generally provide by a chief financial officer and controller (the “Accounting Services”).
Vestin is a real estate investment trust (“REIT”) and is primarily engaged in the business of making loans secured by commercial real estate.
Vestin. Mortgage shall hold, for the benefit of the Assignees, in its possession at its principal office, executed originals of all of the Loan Documents for each Loan in the Participation Pool, and shall deliver conformed copies of each thereof to Xxxxx Financial for the benefit of the Assignees.
Vestin. Fund II is a SEC registered direct participation program that provides financing secured by deeds of trust or mortgages on real property.
Vestin. Fund III is a SEC registered direct participation program that provides financing secured by deeds of trust or mortgages on real property.
Vestin. The State of Hawaii, Vestin and Comerica have pledged to cooperate to recover additional amounts owed to the trusts and the creditors from others, while mutually releasing each other and RightStar from claims. The resolution also calls for the continuity of Comerica’s service as trustee, as Comerica has been praised for stabilizing and rebuilding the trusts after they stepped in to replace the trustees initially appointed by RightStar. This resolution offers a unique opportunity for the new operator of these cemeteries and funeral homes to establish itself as the industry leader of a valuable and growing market segment boasting a healthy pre-need constituency. Further details regarding the availability of due diligence materials, time and place of sale, and bidder pre-qualification will be forthcoming. About Vestin Realty Mortgage I, Inc. Vestin Realty Mortgage I, Inc. is a real estate investment trust (“REIT”) that invests in short-term secured loans to commercial borrowers. As of March 31, 2007, Vestin Realty Mortgage I, Inc. had assets of over $65 million. Vestin Realty Mortgage I, Inc. is managed by Vestin Mortgage, Inc., which is a subsidiary of Vestin Group, Inc., a well-known asset management, real estate lending and financial service company. Since 1995, Vestin Mortgage Inc.’s mortgage activities have facilitated more than $2.0 billion in lending transactions. About Vestin Realty Mortgage II, Inc. Vestin Realty Mortgage II, Inc. is a real estate investment trust (“REIT”) that invests in short-term secured loans to commercial borrowers. As of March 31, 2007, Vestin Realty Mortgage II, Inc. had assets of over $294 million. Vestin Realty Mortgage II, Inc. is managed by Vestin Mortgage, Inc., which is a subsidiary of Vestin Group, Inc., a well-known asset management, real estate lending and financial service company. Since 1995, Vestin Mortgage Inc.’s mortgage activities have facilitated more than $2.0 billion in lending transactions. About Vestin Group Vestin Group, Inc. is engaged in asset management, real estate lending, and other financial services. Its subsidiary, Vestin Mortgage, has facilitated more than $2.0 billion in lending transactions since 1995. Vestin Mortgage manages two public traded REITS, Vestin Realty Mortgage I, Inc. and Vestin Realty Mortgage II, Inc., and Vestin Fund III, LLC a mortgage fund. About Comerica Comerica Incorporated (NYSE:CMA) is a financial service company headquartered in Detroit. Comerica's approximately 11,000 em...
Vestin. Xxxxx/Mercer Group The collective reference to all or any of Vestin Mortgage, Inc., All Capital, LLC and the Mercer Group.
